Arena Group Holdings IncArena Group (Paradium.AI) is the counterparty in a 10-year, $1B deal and receives an $89M minority investment from Roundtable.
Roundtable, trading on Nasdaq as RTB, announced a 10-year, $1 billion agreement with The Arena Group, now known as Paradium.AI and trading on the NYSE as PAAI, to migrate, operate and monetize Arena's premium media portfolio on Roundtable's AI and DeFi-powered MediaOS. Following deal closure, Roundtable forecasts a $100 million annualized revenue and an EBITDA-positive run rate on a stand-alone basis, with 100 million monthly consumers. Two dozen brands and nearly 100 million consumers will migrate to Roundtable's MediaOS, including TheStreet, Parade, Men's Journal, Athlon Sports, Autoblog and Powder, along with hundreds of professional journalists. The agreements are subject to Roundtable's minority investment in PAAI, $89 million in cash and stock for approximately 49% of PAAI, in a private transaction, and other conditions precedent, which include funding requirements to complete the transactions in the fourth quarter. The partnership reunites PAAI CEO Paul Edmondson with RTB founders James Heckman and Bill Sornsin, who were last teamed in 2020.
Arena Group Holdings IncArena Group (Paradium.AI) is the counterparty in a 10-year, $1B deal and receives an $89M minority investment from Roundtable.
Paradium AI, Inc.Paradium.AI (formerly Arena Group) is the counterparty receiving an $89M cash-and-stock minority investment and a 10-year, $1B MediaOS deal.
RTB Digital, Inc.Roundtable signs a 10-year, $1B agreement to migrate and monetize Arena's media portfolio on its MediaOS, forecasting $100M annualized revenue.
Parade Technologies Ltd